Tax & Accounting Blog

Trump Administration’s Principles for Tax Reform

Trump Administration’s Principles for Tax Reform

Tax reform has been a hot topic and a high priority for the Trump administration and Congressional leadership. Back in April, the administration released a one-pager outlining its priorities for reforming individual and business taxes to help grow the economy, simplify tax rules, provide relief to middle-income families, and enhance global competiveness. Although the “proposal” … Read More

Singapore Address Tax Challenges Posed by the Digital Economy

Singapore Address Tax Challenges Posed by the Digital Economy

On August 17, 2017, the Inland Revenue Authority of Singapore (IRAS) published a speech by the Senior Minister of State for Law and Finance on the challenges the international tax community faces as a result of the digital economy. See BEPS Action 1. According to the speech, digitalization is blurring the boundaries between … Read More

EY’s Jose Bustos on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (“MLI”)

EY’s Jose Bustos on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (“MLI”)

Jose Bustos of EY answered the following questions for BEPS Global Currents on August 21, 2017 regarding the OECD BEPS Multilateral Instrument (MLI): Q: The U.S. has decided not to sign the BEPS MLI for now. What impact may that have, if any, on U.S. tax treaties overall? A: First, it is important to … Read More

Bank account reconciliation

Bank account reconciliation

Reconciling bank accounts is a complex process, but in Accounting CS®, the Actions > Reconcile Bank Accounts screen and the Actions > Reconcile Impound Bank Accounts screen enable you to easily reconcile your bank accounts. You can download transaction data from your financial institution and then match and clear those transactions against transactions … Read More